BUZZ-ASX shares of Life360 set for best year ever
ReutersDec 30, 2024 11:54 PM
ASX-listed shares of Life360 360.AX LIF.O currently set to end the year close to 200% higher
The dual-listed firm, which is a developer of family social networking apps, is set for its strongest year ever
The stock has rallied over the year, reflecting rising demand for its offerings; Life 360 emerged as one of the most downloaded platforms across the U.S.
Life360 ended as the top gainer on the Australia's benchmark index in August after upgrading its earnings estimates
Morgan Stanley, in May, lifted its PT by 6% to A$17.50
Another brokerage, Bell Potter, raised its PT to A$19 from A$17.75 in July
Life360 is down 2.3% on Tuesday
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com))
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